Marsh Island Corporation

Analysis

Marsh Island Corporation is a registered charity in United States, based in Old Town, ME. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Marsh Island Corporation reported income of $65k and spending of $1,958, leaving 97% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $7,518 to $65k (+762%), an average of +71% a year. The sharpest change came in the year to March 2024, when income rose by 1603%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marsh Island Corporation sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within ME. Charities of a similar size with the same main cause include Fuller Center for Housing of Atchis ($65k), Dos Delos Inc ($65k) and Waterside Homes Inc ($65k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 77% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.